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The FCC has approved an application from Elon Musk's SpaceX to deploy 7,000 satellites into space that would offer global broadband internet access. Elon Musk wants a total of 12,000 satellites around the earth in Low Earth Orbit to provide internet to every square inch of the planet's surface. One of the problems with satellite internet is that there's a lot of latency, but Musk says they can get it down to 25 milliseconds, which could be faster than the internet many of us have at home.